Israeli shekel hits 30-year high against the dollar

Sharon Wrobel is a tech reporter for The Times of Israel

Israel’s shekel gains, hitting a 30-year high against the dollar as the local currency’s strength continues to be driven by cautious optimism about an improving geopolitical environment, as the ceasefire halts fighting with Iran and amid prospects for Lebanon talks.

The shekel is trading at NIS 3.0448 to the dollar. It marks the shekel’s strongest value since November 1995.

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